IfI was to purchase a straightforward homein Kensington mortgage fee and have no survey and no conveyancing searches how much should I expect to to save on my conveyancing in Kensington?
The sole saving you would make on is the Kensington conveyancing searches. Your solicitor is required to do the vast majority of work - money laundering, correspond with your sellers conveyancing practitioner, SDLT submission, register the title etc. A slight saving might be made by not having to register a mortgage however it will not be significant.
is it true that all Kensington conveyancing solicitors on the RBS conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the RBS conveyancing panel they would need to be overseen by the SRA. The majority of lenders do permit licenced conveyancers on their panel and in such a situation the practice would be governed by the CLC.
We are getting the release of further funds on our mortgage from Principality as we wish to carry out improvements to our house in Kensington. Are we obliged to choose a bricks and mortar Kensington solicitor on the Principality conveyancing panel to deal with the legals?
Principality would not normally require firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Principality panel.
I recently had an offer agreed on an apartment in Kensington. My financial adviser pressured me to appoint their property lawyer. I paid an upfront payment of £175. A couple of days later, the conveyancing practitioner called me to say that they were not on the Virgin Money conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Virgin Money panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I require quick conveyancing in Kensington as I am under a deadline to sign on the dotted line within one month. Luckily I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are are a cash purchaser you are at free not to do searches although no law firm would advise that you don't. With lots of history conveyancing in Kensington the following are examples of what can appear and adversely impact future saleability: Enforcement Notices, Outstanding Charges, Overdue Grants, Road Schemes,...
My wife and I have a terraced Edwardian house in Kensington. Conveyancing solicitor represented me and The Mortgage Works. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Kensington and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with your conveyancing practitioner who completed the work.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Kensington is the location of the property. What do you suggest?
Flying freeholds in Kensington are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Kensington you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kensington may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Do online conveyancing organisations undertake everything a local Kensington solicitor does or must I use a solicitor for the final stages for my conveyancing in Kensington?
If you instruct an online conveyancer they should cover all the work your Kensington conveyancer would cover.